Freestanding Restaurant
For Sale
$449,900
3464 Okemos Rd, Okemos, MI 48864
Freestanding 2,100 SF restaurant building offers ample on-site parking and strong street presence on a high-traffic corridor.
Property Size3,564 SF
Price / SF$126.23
Days on Market132
Property Features for 3464 Okemos Rd
General Information
Standard status
Active
Size
3,564 SF
Building Details
Year Built
1986
Listing Agency:
Golden Key Realty Group LLC
Listed By:
Revan Hermiz · License #6501405707
(248) 489-6195
Source:
Katie-k
Added: Jun 12
Changed: Oct 11
Last Checked: Oct 7 at 4:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Key Realty Group LLC
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Investment Insights
Based on property information with market context.
Freestanding 2,100 SF restaurant building designed for food service use, offering strong street presence and a modern building design. The property is presented as a restaurant opportunity in a high-traffic corridor, with ample on-site parking to support day-to-day customer access.
The site is located along Okemos Road in Alaiedon Township, in a growing commercial area. Public remarks indicate convenient access to major roadways, along with proximity to retail centers and residential neighborhoods.
For sale as a turnkey food service location or as redevelopment potential, depending on a buyer’s plans for the site.
The site is located along Okemos Road in Alaiedon Township, in a growing commercial area. Public remarks indicate convenient access to major roadways, along with proximity to retail centers and residential neighborhoods.
For sale as a turnkey food service location or as redevelopment potential, depending on a buyer’s plans for the site.
Key Highlights
- Freestanding 2,100 SF restaurant building in Okemos
- Located on a high‑traffic corridor with strong street presence
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,601
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
$632.0K
Cap Rate 7%
$451,443
$451.4K
Cap Rate 9%
$351,122
$351.1K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$51.3K $14.40/SF
− Vacancy
−$9.2K −$2.58/SF
EGI
$42.1K $11.82/SF
− OpEx
−$10.5K −$2.96/SF
NOI
$31.6K $8.87/SF
Area
Ingham County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
Cap Rate 7%
$451,443
Cap Rate 9%
$351,122
Alternative Uses
Best Use
Specialty Retail
$451.4K
$395.0K – $526.7K
NOI $31,601 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,082 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
189k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 9%
Hotels & Casinos 7%
Electronics 1%
McDonald's
Dining
30,245 visits/mo
0.1 miles
Culver's
Dining
21,180 visits/mo
0.1 miles
Dunkin' Donuts
Dining
18,147 visits/mo
0.0 miles
Cracker Barrel Old Country Store
Dining
16,727 visits/mo
0.1 miles
Starbucks
Dining
15,975 visits/mo
0.3 miles
Demographics for 48864, MI
22,804
Population
9,903
Households
2.3
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
1,135
Density / Sq Mi
$113,145
Median Household Income
$64,120
Median Earnings
$1,281
Median Rent
$358,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding 2,100 SF restaurant building offers ample on-site parking and strong street presence on a high-traffic corridor.
Where is this conventional restaurant located?
The property is located at 3464 Okemos Rd Okemos, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Freestanding 2,100 SF restaurant building in Okemos; Located on a high‑traffic corridor with strong street presence; Ample on‑site parking
